Daiwa Securities Group Inc. cut its position in shares of Capital One Financial Corporation (NYSE:COF) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 14,954 shares of the financial services provider’s stock after selling 100 shares during the period. Daiwa Securities Group Inc.’s holdings in Capital One Financial Corporation were worth $1,235,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of COF. Quadrant Capital Group LLC increased its stake in Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock worth $121,000 after buying an additional 36 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after buying an additional 11 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock worth $198,000 after buying an additional 326 shares during the period. Private Trust Co. NA acquired a new position in shares of Capital One Financial Corporation during the second quarter worth about $205,000. Finally, Lowe Brockenbrough & Co. Inc. acquired a new position in shares of Capital One Financial Corporation during the first quarter worth about $207,000. Institutional investors own 87.71% of the company’s stock.

Capital One Financial Corporation (COF) opened at 85.14 on Thursday. Capital One Financial Corporation has a 12-month low of $66.81 and a 12-month high of $96.92. The firm’s 50-day moving average is $83.36 and its 200-day moving average is $84.64. The stock has a market capitalization of $41.21 billion, a P/E ratio of 12.41 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the company earned $1.76 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Analysts predict that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.

Capital One Financial Corporation announced that its board has approved a stock repurchase plan on Wednesday, June 28th that allows the company to buyback $1.85 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. Capital One Financial Corporation’s payout ratio is presently 23.43%.

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A number of research analysts recently issued reports on the stock. CIBC upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a $105.00 price objective on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Wedbush reiterated a “sell” rating on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Rafferty Capital Markets lowered shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $92.90.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total transaction of $31,972,801.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is owned by company insiders.

Capital One Financial Corporation Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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